As an Amazon Associate I earn from qualifying purchases.

Health Reimbursement Arrangement (HRA) Definition and Explanation PDF Download

Learn Health Reimbursement Arrangement (HRA) definition in hrm with explanation to study “What is Health Reimbursement Arrangement (HRA)”. Study health reimbursement arrangement (hra) explanation with HRM terms to review HRM course for online MBA programs.

Health Reimbursement Arrangement (HRA) Definition:

  • Health plan in which the employer sets aside money in a health reimbursement account to help employees pay for qualified medical expenses.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Health Reimbursement Arrangement (HRA) Explanation:

A well being repayment game plan (HRA) is a business supported arrangement that repays workers for qualified restorative costs and, now and again, protection premiums. Businesses are permitted to guarantee a duty finding for the repayments they make through these arrangements, and repayment dollars gotten by representatives are by and large tax exempt. A wellbeing repayment course of action is an arrangement set up by a business to cover therapeutic costs for its representatives. The business chooses the amount it will place into the arrangement, and the representative can demand repayment for real therapeutic costs acquired up to that sum. All workers in a similar class must get the equivalent HRA commitment. A HRA isn't a record. Workers can't pull back assets ahead of time and afterward use them to pay medicinal costs. Rather, they should cause the cost first, at that point have it repaid. Repayment at the hour of administration is conceivable if the business gives a HRA platinum card.

Keep Learning HRM Explanations

What is Off-Shoring?

Offshoring, the act of redistributing tasks abroad, more often than not by organizations from industrialized nations to less-created nations, with ...

What is Equal Employment?

Equal employment business implies not oppressing representatives or employment candidates as a result of their age, race, sexual orientation, religion, ...

What is Open Shop?

Open Shop is a dealing unit in an organization or work environment at which the laborers, however spoken to by ...

What are Non-Exempt Employees?

Non-exempt representatives are laborers who are qualified for win the government the lowest pay permitted by law for consistently they ...

What is Spaced Practice?

Spaced practice (otherwise called divided redundancy or separated practice) is a learning technique, where practice is separated into various short ...

What is Reinforcement?

Fortification or reinforcement is a term utilized with regards to social investigation and in a particular sort of purposeful conduct ...